> A private investor is _private_ and thus not subject to a government bailout

What does this mean? Who do you think benefits from a bailout?

> If pensions invest in the stock market

Pensions are private investors. And pensions invest in all kinds of things. Plenty are already shareholders in these companies.

> last I checked, in the land of the free, you get to withdraw your 401k should you vibe with the decision to do so

This is a non sequitur. Nobody disputed this. And 401(k)s are not pensions.